The debt statute of limitations is the legal time limit a party has to collect a debt through the court system. After that time a creditor or third party, such as a debt collection law firm, may not sue to enforce the credit agreement. Collecting using traditional methods such as calling or lettering is still allowed. The statute of limitations varies from state to state and by type of debt, and is typically between three and 10 years.

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Two Recent Developments on the Discovery Rule and the FDCPA: Second Circuit Says Discovery Rule Doesn't Apply, U.S. Supreme Court Agrees to Review the Issue

15 May 2019

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11th Circuit: Letter Offering to “Resolve” Out of Stat Account Contains Implicit Threat of Litigation, Requires Out of Stat Disclosure

8 April 2019

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Can the FDCPA’s One-Year Statute of Limitations Be Expanded under the “Discovery Rule”? Supreme Court Will Decide

26 February 2019

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Compliance Checklist for Collection Professionals – A Look Back at 2018’s Most Critical Issues

7 January 2019

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N.D. Illinois: Debt Buyer Cannot Collect Interest if Implicitly Waived by Original Creditor’s Actions; Finds Debt Buyer is Subject to FDCPA

27 September 2018

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California Imposes SOL Notice Requirement on Debt Collectors; Bans Legal Action on ‘Time-Barred’ Debt

28 August 2018

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FDCPA Caselaw Review for June 2018

12 July 2018

3rd Circ: FDCPA Statute Of Limitations Runs from Date of Violation, Not Discovery

6 June 2018

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Richardson v. LVNV Funding, LLC and the Dilemma of Unclear Out-of-Stat Requirements

28 November 2017

5th Cir. Holds Threat of Lawsuit to Collect Partially Time-Barred Debt Did Not Violate FDCPA

21 September 2017

Big Changes to West Virginia Debt Collection Laws Now in Effect

19 July 2017

SCOTUS Hears Oral Arguments on FDCPA Out-of-Statute Debt Case

18 January 2017

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insideARM Releases Updated CFPB Consent Order Report Including Charts, Analysis and Examples

8 November 2016

How the PHH Decision Could Limit CFPB's Enforcement Powers in Two Critical Ways

12 October 2016

U.S. Supreme Court Agrees to Hear FDCPA Case

12 October 2016

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5th Circuit Rules Against Collector For Not Making Disclosures in Time-Barred Debt Case

14 September 2016

4th Cir. Holds Time-Barred Proof of Claim Does Not Violate FDCPA

7 September 2016

Court Affirms Dismissal of Crawford Case for FDCPA ‘Time-Barred’ Proof of Claim, Case Was Itself ‘Time-Barred’

11 August 2016

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insideARM Perspective on CFPB Outline of Proposed Rules – Litigation and Time-Barred Disclosures

3 August 2016

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CFPB Outlines Debt Collection Rulemaking Proposals

28 July 2016